Q2 2025 Weibo Corp Earnings Call Transcript
Key Points
- Weibo Corp (WB) reported a 2% year-over-year increase in total revenues, reaching USD444.8 million in the second quarter of 2025.
- The company's MAUs reached 588 million, and average DAUs reached 261 million, indicating a net addition of 5 million users year-over-year.
- Weibo's non-GAAP operating income was USD161.8 million, representing a strong non-GAAP operating margin of 36%.
- The integration of large language models has enhanced the recommendation and search functions, driving user engagement and content consumption.
- Weibo's Intelligent Search saw robust growth, with MAUs surpassing 50 million in June, and daily active users increasing notably quarter over quarter.
- Value-added Service revenues decreased by 2% to USD61.4 million in the second quarter.
- The FMCG sector continued to see a year-over-year decline, with advertisers facing diminishing returns from previous marketing strategies.
- Weibo faces a tough comparison in the third quarter due to the high base from last year's Olympics, impacting year-over-year growth.
- The online games sector remained soft due to tough comparisons and a lack of blockbuster releases this quarter.
- There is uncertainty in industries like cell phones and gaming, with potential pressure on ad revenue growth in the latter half of the year.
Good day, and thank you for standing by. Welcome to Weibo reports second-quarter 2025 financial results. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Sandra of Investor Relations. Please go ahead.
Thank you, operator. Welcome to Weibo's second quarter of 2025 earnings conference call. Joining me today are our Chief Executive Officer, Gaofei Wang; and our Chief Financial Officer, Fei Cao. The conference call is also being broadcasted on the internet and is available through Weibo's IR website.
Before the management remarks, I would like to read you the Safe Harbor statement in connection with today's conference call. During today's conference call, we may make forward-looking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainties.
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